2 years ago

What is the definition of the word mercantilism

2 answers:

4 0

Answer:

The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Airida [17]2 years ago

3 0

Answer:

Belief in the benefits of profitable trading.

The historical meaning is

The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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